12 May 2023 Eurozone Monitor Three Reasons for Resilience in EZ Banks to Turmoil in U.S. Banking
11th May 2023 15:12Eurozone, Daily Monitor
- Turmoil in U.S. banking is largely being driven by factors idiosyncratic to the American financial sector.
- The EZ already had a crisis in its smaller banks, in 2008 and during the sovereign debt crisis.
- Rising bond yields and deposit flights are less of a threat to banks in the EZ than in the U.S., for now.
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